“SOL Ready to Ignite from Demand – Eyeing $240 Supply”
📌 Description:
Solana swept liquidity into the $192–195 demand zone and is showing signs of strength. As long as $185 holds, bulls may drive price into the $210–240 supply zones. First target sits at $210 (FVG close), with higher objectives at $225 and $240. If demand fails, watch for a rejection short from $210.
Long Setup (Buy Idea)
Entry Zone: $192 – $195 (current demand + weak low + 61.8 retracement support)
Stop Loss (SL): $185 (below demand zone + liquidity sweep area)
Take Profit (TP):
TP1: $210 (FVG imbalance zone)
TP2: $225 (OB resistance zone)
TP3: $240 (supply zone / strong high)
⚖️ Risk–Reward: Around 1:3 to 1:4 if TP2 or TP3 hits.
🔴 Short Setup (Sell Idea, only if rejection occurs)
Entry Zone: $210 – $215 (FVG imbalance / supply)
Stop Loss (SL): $222 (above imbalance zone)
Take Profit (TP):
TP1: $195 (back to current demand)
TP2: $180 (major demand below)
⚖️ Risk–Reward: Around 1:2 to 1:3.
📌 Bias: Currently, price tapped demand and bounced — so long setup looks stronger unless $185 breaks.
📌 Description:
Solana swept liquidity into the $192–195 demand zone and is showing signs of strength. As long as $185 holds, bulls may drive price into the $210–240 supply zones. First target sits at $210 (FVG close), with higher objectives at $225 and $240. If demand fails, watch for a rejection short from $210.
Long Setup (Buy Idea)
Entry Zone: $192 – $195 (current demand + weak low + 61.8 retracement support)
Stop Loss (SL): $185 (below demand zone + liquidity sweep area)
Take Profit (TP):
TP1: $210 (FVG imbalance zone)
TP2: $225 (OB resistance zone)
TP3: $240 (supply zone / strong high)
⚖️ Risk–Reward: Around 1:3 to 1:4 if TP2 or TP3 hits.
🔴 Short Setup (Sell Idea, only if rejection occurs)
Entry Zone: $210 – $215 (FVG imbalance / supply)
Stop Loss (SL): $222 (above imbalance zone)
Take Profit (TP):
TP1: $195 (back to current demand)
TP2: $180 (major demand below)
⚖️ Risk–Reward: Around 1:2 to 1:3.
📌 Bias: Currently, price tapped demand and bounced — so long setup looks stronger unless $185 breaks.
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By the way What Colour is your Bugatti 💀
By the way What Colour is your Bugatti 💀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading is a Art 🎨 and I am the Artist
By the way What Colour is your Bugatti 💀
By the way What Colour is your Bugatti 💀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.